2A:42-124 Denial of rights, remedies afforded lien, mortgage holders.
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/nj/title-2a/chapter-42/2a-42-124A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
11. Notwithstanding any provision to the contrary pursuant to P.L.2003, c.295 (C.2A:42-114 et al.), a court may in its discretion deny a lienholder or mortgage holder of any or all rights or remedies afforded lienholders and mortgage holders under P.L.2003, c.295 (C.2A:42-114 et al.), if it finds that the owner of the building owns or controls more than a 50% interest in, or effective control of, the lienholder or mortgage holder, or that the familial or business relationship between the lienholder or mortgage holder and the owner precludes a separate interest on the part of the lienholder or mortgage holder.
L.2003,c.295,s.11.